Young workers in Singapore are at risk of a shortfall in retirement income, despite widespread and high levels of private savings, according to findings by the International Longevity Centre - UK (ILC-UK).

Capitaland will continue to be "aggressive but disciplined" when tendering for land to build up its Singapore residential land bank, president and group CEO Lim Ming Yan said at the company's results briefing on Thursday.

Kingsford Construction has been convicted and fined S$130,000 under the Workplace Safety and Health Act (WSHA) for multiple safety lapses uncovered during an inspection in June 2016, the Ministry of Manpower (MOM) said on Thursday.

The Straits Times Index spent most of Thursday tracking movements in the Dow futures first and Hong Kong second, finishing the day a net 5.88 points weaker at 3,342.92 mainly due to weakness in the three banks.